Core Viewpoint - The development of Tibet's financial sector has played a crucial role in the region's economic and social progress over the past 60 years, particularly through the support of the Agricultural Bank of China in fostering local industries and improving the livelihoods of farmers and herders [1][2]. Financial Development in Tibet - The financial journey in Tibet began in 1951, with the establishment of the Agricultural Bank of China’s Tibet branch in 1995, which has since become a specialized financial service provider for the vast agricultural and pastoral areas [1][2]. - The Agricultural Bank has been instrumental in providing financial support to local enterprises, such as the Yoger Warehouse, which received a loan of 3 million yuan to help establish its operations [4][5]. Impact on Local Enterprises - The Yoger Warehouse has seen significant growth, achieving sales of 18 million yuan in 2024, thanks to the continuous financial support from the Agricultural Bank, which has provided a total of 134 million yuan in loans over the years [5]. - Another example is the Kang Sang Agricultural Products Development Company, which increased its annual sales from 2,000 yuan to 45 million yuan with the help of the Agricultural Bank [6]. Support for Traditional Crafts - The Agricultural Bank has also supported the preservation of traditional crafts, such as the Zeti weaving technique, which was at risk of disappearing. The bank provided loans to the Ethnic Zeti Handicraft Cooperative, enabling it to thrive and employ over 100 local residents, including many from disadvantaged backgrounds [8][9][10]. Innovative Financial Products - The introduction of the "Four Cards" loan product by the Agricultural Bank has significantly improved access to credit for farmers and herders, allowing them to secure loans without traditional collateral [11][12]. - The bank has also established a three-tier credit system to enhance financial services in rural areas, which has been crucial for community development [16][17]. Expansion of Financial Services - The Agricultural Bank has expanded its services to remote areas through mobile financial service vehicles, ensuring that even the most isolated communities have access to banking services [21][22]. - The bank's commitment to providing comprehensive financial services has transformed the financial landscape in Tibet, making banking more accessible and responsive to local needs [22].